Constellation Energy Corp

  • CEG

  • $248.87

  • -1.18%

  • $251.21

  • $253.23

  • $245.03

Ticker Appearances

Wed, July 24, 2024 | 11:18AM ET

⚡ FlashInsights

Wed, July 24, 2024 | 11:18AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
Today's initial drop is definitely a short-term technical negative for both QQQ and SPX, and the latter has undercut 7/19 lows which i suspected might hold. Thus, a 3-wave decline is underway and if the latest move down equals the first, that would put prices at 5413-SPX- This is a short-term negative for today and likely tomorrow, and until 5497 can be recouped, it's more likely that a bit more downside will occur (This is a new change) Industrials, Consumer Staples and Consumer Discretionary are falling more than Technology (all down more than 1%) and TSLA 4.06% , TTD 0.51% , ROP 1.06% , CEG -1.18%  and ARM 1.88%  are all down more than 5% within QQQ. Breadth is down around 2/1 negative, but four sectors are higher today: Energy, Materials, Utilities, and Healthcare. The key takeaway from early price action is that more will be needed before expecting this recent decline to stabilize, technically.
Tickers

Daily Technical Strategy
Tue, June 18, 2024 | 6:24PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Utilities is being raised to Neutral technically on recent weakness

S&P IS GROWING CLOSER TO ITS SHORT-TERM UPSIDE TECHNICAL TARGET OF 5521, WHILE QQQ ALSO IS NEARING RESISTANCE A BIT HIGHER THAN 483-5 MENTIONED LAST...

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Daily Technical Strategy
Thu, May 9, 2024 | 6:33PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

What does this surge in Utilities mean for the Stock market?

EQUITIES HAVE EXTENDED GAINS AND HAVE NOW COME WITHIN STRIKING DISTANCE OF LATE MARCH PEAKS.   SPX HAS NEARLY RECAPTURED ALL OF THE PERIOD OF WEAKNESS...

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Daily Technical Strategy
Fri, March 8, 2024 | 7:29PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Defensive sectors starting to gain traction

FRACTIONAL LOSS THIS WEEK REPRESENTS ONLY THE THIRD WEEKLY LOSS OUT OF THE LAST FOUR-AND-ONE-HALF MONTHS FOR SPX AND NASDAQ, WHILE VALUE LINE’S FRIDAY LOSS...

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